India's gold demand falls by 25 percent in Q2

Chennai, Aug 13 (IANS) Even though India's gold demand fell by 25 percent during the second quarter of 2015 due to a buoyant stock market and softening of the rural economy, the World Gold Council (WGC) expects the overall demand for the year to be around 900 tonnes, a top official said on Thursday. "Consumer demand for gold during the second quarter was 154.4 tonnes (jewellery 118 tonnes, investment 36.5 tonnes) down from 204.9 tonnes (jewellery 152.6 tonnes, investment 52.3 tonnes) as compared